Comcast revenue spikes after NBCU buy

Giant Comcast Wednesday stated revenue increased 51 percent last quarter to $14.3 billion reflecting the purchase of NBCUniversal in The month of january, a powerful cable biz and also the consolidation from the Universal Orlando amusement parks. The NBCUniversal deal closed in The month of january of 2011. Professional forma, including it both in periods, total revenue might have grown 4.9 %. Internet profit rose to $908 million from $876 million. At NBCUniversal, revenue rose 4.6 % to $5.2 billion driven by cable nets and amusement parks. ''NBCUniversal's results underscore the effectiveness of our core cable systems business, in addition to terrific momentum in the amusement parks. Our goal for NBCUniversal would be to improve and make brands, and also to enhance lengthy-term value. Overall, this quarter ongoing our momentum toward a effective integration,'' stated Comcast Boss John Roberts. Revenue for cable systems rose 12 % to $2.1 billion on the 10.2 percent rise in distribution revenue, a 9.five percent rise in advertising revenue along with a 37.2 percent increase from certification possessed content in the cable production studio. Operating income fell 2 percent to $751 million reflecting elevated purchase of original programming, and acquisition-related accounting revisions amassing $80 million. Excluding the revisions, cable nets operating income elevated 8.five percent. Broadcast television revenue rose 2.9 % to $1.5 billion, reflecting greater content certification revenue, partly offset by rankings pressure in the NBC broadcast network minimizing political advertising at NBC's local stations. The segment thrown to some income lack of $7 million for that quarter from an optimistic $70 million the prior year, reflecting elevated purchase of primetime, news programming, and native stations, in addition to acquisition-related accounting revisions amassing $24 million. Shot Entertainment revenue fell 7.8 percent to $1.1 billion, driven by lower theatrical revenue only partly offset by greater home theatre revenue from ''Bridesmaids'' and also the worldwide discharge of ''Fast Five.'' Income fell 16.9 % to $54 million. Amusement park revenue elevated 9.1 % to $580 million. Revenue fundamentally cable business rose five percent to $9.3 billion. Advertising revenue fell 4 % on lower political investing. Video revenue nosed up 1.1 % year-on-year to $4.9 billion. The Philadelphia company, which ended the quarter with 49.367 million customers, saw more powerful development in high-speed Internet revenue (up 9.8 percent), voice (up 6.3 %) and business services (up 39 percent). Contact the range newsroom at news@variety.com